AsiaNet 84601

SHENZHEN, China, June 30, 2020 /PRNewswire=KYODO JBN/ --

As part of their efforts to promote fintech solutions in the post-pandemic era,

the Financial Services Blockchain Consortium Shenzhen (FISCO), Singapore

FinTech Association, FinTech Association of Hong Kong and Shenzhen FinTech

Association organized the "Financial Digitalization & Fintech Evolution in the

Wake of COVID-19" webinar on June 23. It was the first joint event conducted by

FinTech associations in Shenzhen, Hong Kong and Singapore. Senior members from

WeBank, Huawei and KPMG shared their insights on the trend of financial

digitalization and FinTech evolution during the pandemic era.

Photo - https://photos.prnasia.com/prnh/20200630/2844909-1

In his keynote speech, Henry Ma, EVP and Chief Information Officer of WeBank,

envisioned an emerging new pluralistic world paradigm, in which regionalization

will become a new collaboration model besides globalization and localization.

He suggested that digital banks based on leading-edge technologies would become

a "new normal" of finance, regionalized fintech innovation would rise to the

focus in the future and fintech could quickly promote and enable more

inter-industry digitalization & integration in the era of pandemic.

Chen Kun Te, Chief Digital Transformation Officer of Global Business at Huawei

laid importance on the trend of e-commerce, digital payment and super apps in

terms of digital banking environment. "Banks should actively introduce new tech

(5G, IoT, public cloud) on branch management and customer engagement with lower

cost as well as higher efficiency".

Dennis Gao, partner of Management Consulting at KPMG Southern China, believed

that fintech is entering the regulatory-driven 2.0 era, and opportunities

outweigh challenges for fintech since the outbreak of COVID-19. He shared his

vision on the future trend of fintech in China, and suggested that adoption of

fintech would increase in scale, and changes in application scenes are awaiting.

In addition, FISCO and Singapore FinTech Association (SFA) signed a virtual

strategic partnership agreement to enhance the cross-border FinTech

collaboration between Shenzhen and Singapore. In the future, they plan to bring

more insights from industry leaders on the development of the fintech to the

audience.

SOURCE  FISCO

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   Caption: Fighting COVID-19 with FinTech Webinar